Gifts of Stocks and Bonds
Donating appreciated securities, including stocks or bonds, is an easy and tax-effective way for you to make a gift to CSU. By giving through stocks and bonds, you can avoid paying capital gains tax on the sale of appreciated stock and receive a charitable income tax deduction.
There are special rules for valuing a gift of stock. The value of a charitable gift of stock is determined by taking the mean between the high and low stock price on the date of the gift. Mutual fund shares are valued using the closing price for the fund on the date of the gift.
How to make a gift of stocks and bonds
By electronic transfer - Please fill out our notification form which includes the necessary information to transfer stocks or bonds from your brokerage or investment account to Cleveland State University.
By certified mail - If you hold securities in certificate form, you will need to mail two envelopes separately to complete your gift. In the first envelope, place the unsigned stock certificate(s). In the other envelope, include a signed stock power for each certificate. You may obtain this power from your broker or bank. Please remember to use certified mail and direct to Cleveland State University Foundation, UN 501, Cleveland, OH 44115-2214.
If you have any questions about making gifts of stocks and bonds, please contact us. We would be happy to assist you and answer any questions you might have.
